Price Level of Consumption for St. Kitts and Nevis
PLOCONKNA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.73
Year-over-Year Change
40.07%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Consumption for St. Kitts and Nevis measures the general price level of household consumption goods and services in the country. It is a key indicator used to assess the cost of living and purchasing power.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index tracks the changes in the average price paid by consumers for a basket of goods and services in St. Kitts and Nevis. It is a widely-used metric for evaluating inflation and consumer price trends in the national economy.
Methodology
The data is collected through surveys of household expenditures and prices across the country.
Historical Context
Policymakers and analysts monitor this index to inform decisions on monetary policy, economic planning, and social programs.
Key Facts
- The base year for this index is 2010.
- St. Kitts and Nevis is a small island country in the Caribbean.
- This index is published on a quarterly basis.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for St. Kitts and Nevis measures the average change in prices paid by consumers for a basket of household goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and cost of living in St. Kitts and Nevis, which is important for policymakers, businesses, and consumers to understand.
Q: How is this data collected or calculated?
A: The data is collected through surveys of household expenditures and prices across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to inform decisions on monetary policy, economic planning, and social programs.
Q: Are there update delays or limitations?
A: This index is published on a quarterly basis, with a typical update delay of 2-3 months.
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Citation
U.S. Federal Reserve, Price Level of Consumption for St. Kitts and Nevis (PLOCONKNA622NUPN), retrieved from FRED.